XUTE.DE vs. XBO2.DE
XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) and XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) are both Government Bonds funds from Xtrackers - XUTE.DE tracks the iBoxx USD Treasuries Index (EUR Hedged) while XBO2.DE tracks the FTSE Eurozone BOT Index. Both are passively managed. Over the past 5 years, XUTE.DE returned -2.70%/yr vs 1.73%/yr for XBO2.DE. At a 0.12 correlation, their price movements are largely independent. XUTE.DE charges 0.10%/yr vs 0.15%/yr for XBO2.DE.
Performance
XUTE.DE vs. XBO2.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XUTE.DE achieves a -1.14% return, which is significantly lower than XBO2.DE's 0.65% return.
XUTE.DE
- 1D
- 0.15%
- 1M
- -0.35%
- 6M
- -1.25%
- YTD
- -1.14%
- 1Y
- 1.57%
- 3Y*
- 0.91%
- 5Y*
- -2.70%
- 10Y*
- —
XBO2.DE
- 1D
- -0.58%
- 1M
- 0.15%
- 6M
- 0.86%
- YTD
- 0.65%
- 1Y
- 1.79%
- 3Y*
- 2.81%
- 5Y*
- 1.73%
- 10Y*
- 0.71%
XUTE.DE vs. XBO2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | -1.14% | 4.18% | -1.19% | 1.61% | -14.67% | -3.37% | 6.64% | 3.87% | -2.07% | 0.41% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.65% | 2.42% | 3.53% | 3.03% | -0.64% | -0.60% | -0.22% | 0.03% | -0.47% | -0.44% |
Correlation
The correlation between XUTE.DE and XBO2.DE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2016 | 0.12 |
The correlation between XUTE.DE and XBO2.DE shifts across timeframes, from 0.05 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XUTE.DE vs. XBO2.DE — Risk / Return Rank
XUTE.DE
XBO2.DE
XUTE.DE vs. XBO2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) and Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XUTE.DE | XBO2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.19 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 1.59 | -1.14 |
| Martin ratioReturn relative to average drawdown | 1.11 | 4.40 | -3.29 |
Loading charts...
Drawdowns
XUTE.DE vs. XBO2.DE - Drawdown Comparison
The maximum XUTE.DE drawdown since its inception was -23.77%, which is greater than XBO2.DE's maximum drawdown of -3.92%. Use the drawdown chart below to compare losses from any high point for XUTE.DE and XBO2.DE.
Loading charts...
Drawdown Indicators
| XUTE.DE | XBO2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -3.92% | -19.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -1.12% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -1.12% | -4.65% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | -1.31% | -19.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.77% | — |
Current DrawdownCurrent decline from peak | -17.02% | -0.58% | -16.44% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -0.71% | -9.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 0.41% | +1.00% |
Volatility
XUTE.DE vs. XBO2.DE - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) is 0.98%, while Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) has a volatility of 1.48%. This indicates that XUTE.DE experiences smaller price fluctuations and is considered to be less risky than XBO2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XUTE.DE | XBO2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.48% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 2.61% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 3.29% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 1.53% | +4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 1.65% | +3.43% |
XUTE.DE vs. XBO2.DE - Expense Ratio Comparison
XUTE.DE has a 0.10% expense ratio, which is lower than XBO2.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XUTE.DE vs. XBO2.DE - Dividend Comparison
XUTE.DE's dividend yield for the trailing twelve months is around 3.40%, while XBO2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | 3.40% | 3.36% | 3.56% | 2.27% | 2.15% | 3.30% | 1.87% | 1.28% | 0.85% |
Frequently Asked Questions
XUTE.DE and XBO2.DE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUTE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTE.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for XBO2.DE.
XUTE.DE tracks iBoxx USD Treasuries Index (EUR Hedged), while XBO2.DE tracks FTSE Eurozone BOT Index. Their fees differ too: 0.10% for XUTE.DE and 0.15% for XBO2.DE.
Find the right allocation for XUTE.DE and XBO2.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer